Enjin-Coin (ENJ) Enjin offers an ecosystem of integrated bl | Crypto Great | Bitcoin | DeFi
Enjin-Coin (ENJ)
Enjin offers an ecosystem of integrated blockchain software products that make non-fungible tokens (NFTs) easy for individuals, businesses, and developers.
Since Facebook announced its rebranding to Meta we have seen a drastic increase in media coverage, strategic investments, and adoption into the NFT and metaverse ecosystem.
Suddenly, legacy companies like Microsoft and Electronic Arts are announcing plans to be part of the construction of the metaverse and integrate NFTs.
We hope to see the future metaverse built by a decentralized organization rather than centralized companies that are vulnerable to data hacks and have a history of selling users information.
Enjin is one of the leading blockchains in the booming NFT and metaverse space. On August 4, Enjin launched the Efinity blockchain, expanding its ecosystem while developing a more efficient metaverse ecosystem.
In order to avoid Ethereum’s high gas fees and increase its ability to expand NFTs, Enjin raised $18.9 million in a private token sale in March to fund the Efinity platform’s migration to the Polkadot network. Efinity’s blockchain has the ability to mint over 20 million NFTs per second with transaction fees that are fractions of a cent.
Enjin is rapidly expanding its metaverse ecosystem, and on November 4 launched a $100 million Efinity Metaverse fund to formalize support for Enjin’s ecosystem partners. That $100 million investment will go a long way toward making a decentralized metaverse a reality.
The Efinity Metaverse fund will support the development of metaverse projects on Efinity and focus on cross-chain integration of NFT assets. Enfinity’s multi-chain infrastructure allows decentralized applications (dApps) to have a large outreach in the blockchain space.
ENJ has risen 40% since Facebook’s rebranding announcement on October 28, and is gaining clear adoption from retail and institutional investors.
